1) Which section of which Act lays down the restriction that
a) only 45 tax audits for a CA
b) 30 Company Statuatory Audits ( maximmum of 20 Public comapnies of which max 10 Public co with more than 25 lacs as paid up capital + 10 private companies can be done)
2) Where is written that , though there is no restriction on auditing private companies as per section 224(IB) , maximmum 30 comapnies(Pub+ pvt) only can be audited .
3) Consider an example of CA , having 10 public companies with 25 lacs and and has offer from 25 more private comapnies. Then u mean he can accept only 20 offers.?????